Donald Trump has just made his grand return to the White House. Officially sworn in as the 47th President of the United States, the real estate magnate has drawn up the list of priorities that will attract the attention of his administration.
He has notably committed to fighting immigration, by organizing "the process of returning millions and millions of foreign criminals to where they came from" or by ending the right to asylum. The Republican has also promised to sign a decree that recognizes the existence of only "two sexes: male and female".
Bitcoin is not an emergency
On the other hand, cryptocurrency is not one of the priority subjects of the Trump administration. Bitcoin is not mentioned in the White House document that lists all the priority measures of the Trump 2.0 presidency. The “America First Priorities” document did not return to the national bitcoin reserve project, one of the flagship ideas of the MAGA (Make America Great Again) campaign.
Furthermore, Donald Trump did not mention Bitcoin, or cryptocurrencies in general, once during his recent speeches, such as his inauguration speech. The Republican did not address the crypto community as part of his takeover. Throughout the presidential campaign, Bitcoin was nevertheless often invited to Donald Trump’s rallies. The billionaire did everything he could to seduce cryptocurrency investors. Once elected, the tribune seems to have put his large-scale seduction operation on hold.
This oversight greatly disappointed cryptocurrency holders. Many investors fantasized about Donald Trump’s first days in the Oval Office, believing that the president’s initiatives were likely to propel Bitcoin to around $150,000. They dreamed in particular of a presidential council on crypto or the immediate creation of a national reserve of bitcoins. The first communications from the government are killing investors' hopes... We will probably have to be patient before Donald Trump takes the time to put his words into action.
A memecoin instead of a decree
Instead of laying the foundations that will allow him to keep his campaign promises, Donald Trump distinguished himself by issuing a memecoin in his image on the Solana blockchain, the $TRUMP, at the beginning of last weekend. The crypto has experienced phenomenal success in the space of a few hours, to the point of rising to the top 20 most valuable cryptocurrencies on the market. Ignoring all the risks of conflict of interest, Trump has also invested massively in Bitcoin through his own exchange platform, World Liberty Financial (WLFI), overseen by his sons.
Ahead of his inauguration, however, the president appointed several figures open to cryptocurrencies within his administration. This is the case of David Sacks, the former COO of PayPal, who has been given the title of advisor on artificial intelligence and cryptocurrencies.
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